Category: Forex Trading

Keep an eye out for reversal patterns signaling a potential trend reversal. Double tops, head and shoulders, and triple tops show upside resistance. It consists of consecutive long green (or white) candles with small wicks, which open and close progressively higher than the previous day. It indicates a buying pressure, followed by a selling pressure…

It took another 30 years before the Reserve Bank replaced the currency of pounds, shillings, and pence with actual dollars and cents. In the year 1967 alone, the Bank printed 27 million new banknotes and 165 million new coins. Such trades are for risk-seeking investors and tend to be closed out when investors become risk…